Getting life insurance is one the biggest gestures that you care about the well-being of your loved ones even after you pass away. If you are your family’s chief breadwinner getting life insurance means they will continue to enjoy the quality life they have now after you die. This is why at Alliance Insurance Partners, we encourage every resident of Scottsdale, AZ, to get life insurance. However, here are some drawbacks of life insurance that you need to be aware of;

1. Older Patients Pay Very High Premiums

When getting life insurance, the older you are, the higher your premiums will be. This is because the likelihood of death increases the older you get. The high premiums for older people put a massive burden on the elderly population seeking life insurance. You can avoid the high premiums by getting your life insurance when you are younger.

2. Calculating the Returns Is Difficult 

Calculating returns on life insurance policies is challenging because the returns are influenced by market performance and conditions.

3. Complex Policies

Life insurance policies can be tricky to grasp without the help of an insurance professional. There are different policies with different features that appear to be the same. Therefore, it’s easy to get confused and pick a policy that’s not what you need. This is why Alliance Insurance Partners always provides insurance professionals to help our clients figure out the best life insurance policies for their needs.

4. Awareness of Hidden Clauses and Exclusions

Most financial products in the market have hidden clauses and exclusions. It’s vital that you figure out the hidden clauses and exclusions in your life insurance policy before you purchase it. For example, most insurers exclude compensation for death due to involvement in criminal activities and drug overdose and have one year compensation wait period for suicide deaths.

Are you looking for a reputable life insurance policy provider in Scottsdale, AZ? Call Alliance Insurance Partners today.

At Alliance Insurance Partners, we usually receive numerous queries about disability insurance from our Scottsdale, AZ clients. Today, we have prepared a FAQs section to shed more light on this coverage. Please scroll through to learn more about disability insurance. And if your question isn’t captured, please don’t hesitate to contact our office for clarification.

What is disability insurance?

It’s coverage that protects you when you can’t earn an income due to injury or illness. It’s designed to cover your income when you can’t make a living due to an illness or sickness. This coverage is crucial because you are more likely to become disabled than die when working!

When am I considered disabled?

The definition of disability may differ depending on the plan you are registered for. Some policies define disability as the inability to earn an income due to illness and injury. Others define disability as the inability to perform your duties given your experience, training, and education.

When do the benefits start?

After you are deemed disabled, benefits start trickling in after the waiting period has lapsed. Typical long-term disability plans have a waiting period of between 90 and 180 days, but for the group plan, the employer chooses the waiting period.

What are the different disability insurance plans?
Disability insurance isn’t a one-size-fits-all insurance plan. There are several types of disability plans. These include

• Individual disability plans
• Group disability policies provided by employers
• Short-term disability plans for a period of 24 months and below
• Long-term disability policies that take effect up to age 65

Above is just a snapshot of frequently asked questions about disability insurance. If you have more questions, please get in touch with a knowledgeable insurance agent.

How can I purchase disability insurance?

If you are in Scottsdale, AZ and its environs, you don’t have to sweat it out looking for disability insurance. Please contact Alliance Insurance Partners to learn more about disability insurance. We also provide different disability policies to cater to your individual needs.

Long-term care insurance is often crucial for the health and recovery of many people. But who exactly needs this type of policy? At Alliance Insurance Partners, we can help Scottsdale, AZ, residents better understand their care options and ensure that they get the help they need.

Who Need Long-Term Care Insurance? 

Long-term care insurance is a good choice if you or someone you love requires consistent and regular healthcare from a myriad of different sources. Long-term care insurance is suited for people who:

• Live-in Nursing Homes – Long-term care coverage can protect those individuals in a nursing home and ensure that they get the hands-on care they need. 
• Require Adult Day Care – Adult daycare is a standard option for people taking care of their older parents who also work. Long-term care insurance will cover this unique need.
• Utilize Assisted Living – Do you or someone you love to utilize assisted living to make at-home life easier? Consider a long-term care policy to ensure you don’t pay too much. 
• Care Coordination Needs – Coordinating long-term care can be rather complex, requiring high-quality insurance that helps to pay for this type of service.

Make sure that you talk to your insurance company about how this type of policy interacts with or supplements your current healthcare coverage. In this way, you can ensure that you get the most effective coverage necessary for your needs as a person or those of your loved ones.

You Deserve Quality Long-Term Care Coverage 

At Alliance Insurance Partners, we’ll work with Scottsdale, AZ, residents to figure out what kind of policies make the most sense for their needs. Then, we’ll provide you with the help you need making sure that your policy adequately covers long-term care for your loved ones.

Thinking about investing in disability insurance in Scottsdale, AZ? Alliance Insurance Partners is here to help! 

Disability insurance may not seem necessary when you are young and healthy, but it’s a great way to prepare for anything that may occur when you’re working hard in your career. Many assume disability insurance is just for those who become injured on the job. In reality, disability insurance can cover injuries, illness, and pregnancy-related symptoms that can occur. 

Disability insurance helps provide financial support while you spend much-needed time on your physical, mental, and emotional health. While a disability can be physically exhausting and painful, what people go through behind the scenes can be even worse.

Insurance provides people with some comfort and peace of mind that the financials will be taken care of, leaving you and your family with one less thing to worry about while you prioritize your own health and wellness. 

Disability insurance can help cover the costs of medical bills, therapy, medication, and other things that have occurred due to a disability. It’s stressful enough to become injured or ill and worry about how this will affect your life and your family’s well-being. Disability insurance alleviates one major stress point. 

Scottsdale, AZ is a wonderful place to live, play, and work. It’s also one of the most popular cities in the US to start a business. If you’re working on a career here, investing in disability insurance is a great idea. You never know what could happen to you; we don’t have that kind of control. The best thing you can do is be prepared, and that’s what disability insurance can offer you.

If this type of insurance sounds like something you’d like to purchase, contact Alliance Insurance Partners. We’ll get you set up. 

Research shows that by age 65, you will need some long-term care. And if you are to finance your care from the pocket, you will spend about $140,000. Are you prepared for such a financial impact? And if you had savings, the primary goal wasn’t to finance your long-term care.

Given that you need long-term care at some point in life, you need to invest in long-term care insurance to get optimal care when you need it most. But because you may not be familiar with this coverage, Alliance Insurance Partners of Scottsdale, AZ, has prepared a FAQs section to answer most questions about long-term care insurance.

What does long-term care insurance cover?

Long-term care insurance cushions you against areas not covered by your typical health insurance plan. This coverage covers the cost of taking care of you when you have a chronic disease or disability. Most policies compensate you for the care given in facilities such as your home, nursing facility, and an adult care center.

Ultimately, you invest in long term care insurance to:

• Protect your savings
• Access more choices for care

When is the best time to buy long-term care insurance?

This is an individual decision. Most people tend to buy this coverage when they are approaching retirement. Others buy it through their employer when they are in their 40s and 50s. Generally, long-term care premiums are more affordable if you are younger than 65. At this age, your risk of developing chronic health conditions is much lower.

Long-term care insurance in Scottsdale, AZ

It might be difficult to imagine now, but you will need some help to take care of yourself at some point in life. The question is, how will you pay for it? At Alliance Insurance Partners, we offer long-term care insurance to ensure you get the much-needed help in your golden years.

There are many reasons why you should insure your motorcycle and virtually no reason not to do so. You have invested money in your bike and the best way to protect it is by obtaining a motorcycle insurance policy and the insurance agents at Alliance Insurance Partners in Scottsdale, AZ can attest to that fact.

In Arizona, all drivers must have at least a liability insurance policy in place that covers both bodily injury and property damage. This law applies to motorcycles too which means you at least have to obtain that type of policy but here are other options you will want to consider to protect your motorcycle and your investment in your bike.

Comprehensive Insurance

Comprehensive insurance is great insurance coverage to have in place that will protect your motorcycle from several things, including fire, natural disaster, or vandalism. This type of motorcycle insurance policy will also protect your bike if it is stolen.

Collision Insurance

Collision insurance will protect your bike whether you collide with another vehicle or an object. An example of this would be if you collide with a utility pole and there is damage to the full. This part of your insurance policy will help repair the pole as well as your bike.

Other Options

When it comes to motorcycle insurance, there are a few other options you can consider such as roadside assistance. You’ll never be stranded again with this policy in place because roadside assistance will only be a phone call away if your motorcycle stops running whether it be on a freeway, a street, or a backcountry road. You can also opt to have medical payment insurance which will cover anything that your regular motorcycle insurance doesn’t cover if you’re involved in an accident.

To decide upon which motorcycle insurance coverage options are the right ones for you and your situation, you can call upon the experienced and trusted insurance agents at Alliance Insurance Partners in Scottsdale, AZ today!

Umbrella insurance policies are ideal for people with a fair amount of retirement assets. It’s excess liability insurance covering all potential gaps left by other policies you may have in place. Umbrella insurance helps with expenses for relating claims that exceed other existing policies. It’s an additional layer for protection in a financial crisis to protect your assets and personal savings. Alliance Insurance Partners offers umbrella insurance services to residents of Scottsdale, AZ.

How Does Umbrella Insurance Work?

In cases where your base liability limits from other policies are exhausted, your umbrella insurance kicks in. If you get sued for damages exceeding the liability limits of your homeowner’s insurance, car insurance, or other coverage, umbrella insurance helps pay your dues in unforeseen circumstances.

Who Needs Umbrella Insurance?

Umbrella insurance is an optional policy that isn’t a requirement under any state laws. Despite this, some circumstances beg for extra protection through umbrella coverage. Such cases are;

If you have significant assets

Protecting assets and personal savings is as important as growing them. If you have accumulated significant savings and assets that need safeguarding, umbrella insurance is an ideal and affordable option.

When you are responsible for others

If you have visitors on your property and there are chances of sustaining injuries, get umbrella insurance. Treehouses, trampolines, ATV, pools, and some pets threaten visitors, especially young kids. If they get hurt on your property, you could get sued. This policy helps offset any major expenses in vulnerable situations.

Importance Of Umbrella Insurance

Umbrella insurance is beneficial to everyone as anybody is susceptible to accidents that cause high expenses. It ensures you don’t pay out of your pocket for anyone else’s legal or medical bills if you’re found liable. The protection extends to other members of the family who don’t have individual coverage in their names.

Umbrella insurance is liability insurance required to evade financial ruin when liability is on your part for accidental injuries and property damage. Contact Alliance Insurance Partners to get an umbrella insurance policy in Scottsdale, AZ.